UPDATE: FRANCE: Carrefour considers listing assets
Carrefour has revealed that it is considering listing a number of its assets
Carrefour has today (31 January) revealed that it is considering listing a number of its assets.
The company said it is "studying different projects that could lead to the listing of these assets" but that "no decision has been taken".
It said that, regarding options being explored around real estate, it would retain control of Carrefour Property.
The announcement follows speculation around the future of its hard-discount and property divisions. Reports have suggested that activist shareholders Groupe Arnault, the private investment vehicle of Bernard Arnault and US private-equity firm Colony Capital have been pressuring the retailer to sell assets in order to boost its share price.
Prior to the retailer's announcement, shares rose 3.3% to EUR35.1 (US$48.1) on speculation that the retailer may create separate stock exchange listings for its Dia discount chain and real estate units.
RBS analyst Justin Scarborough said a sale of 49% of Carrefour Property and Dia would raise EUR5bn or an IPO would raise EUR7.8 a share.
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